Azarga Metals Settles Option Payment Through Share Issuance

Azarga Metals Corp., a company listed on the TSX Venture Exchange under the symbol AZR, has opted to fulfill its option maintenance payment by issuing shares. The payment, amounting to $33,500, will be settled with 670,000 common shares valued at $0.05 each.

This transaction is part of the Marg Project Option Agreement made public on January 8, 2024, with Sabre Gold Mines Corp. The newly issued shares will be subject to an eighteen-month holding period, as stipulated in the agreement terms.

The decision was communicated from the company's headquarters in Vancouver, British Columbia, and highlights the ongoing collaboration between Azarga Metals and Sabre Gold Mines Corp.